Creative Planning Acquires New Holdings in LGI Homes, Inc. (NASDAQ:LGIH)

Creative Planning acquired a new stake in shares of LGI Homes, Inc. (NASDAQ:LGIH) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,164 shares of the financial services provider’s stock, valued at approximately $375,000.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its holdings in LGI Homes by 32.5% during the second quarter. First Horizon Advisors Inc. now owns 440 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 108 shares during the period. Innealta Capital LLC acquired a new position in LGI Homes during the second quarter valued at approximately $39,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in LGI Homes during the first quarter valued at approximately $52,000. CWM LLC lifted its stake in LGI Homes by 27.5% in the third quarter. CWM LLC now owns 867 shares of the financial services provider’s stock valued at $103,000 after buying an additional 187 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in LGI Homes in the first quarter valued at approximately $130,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

LGI Homes Stock Performance

Shares of LGIH opened at $109.67 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.49 and a current ratio of 12.63. LGI Homes, Inc. has a twelve month low of $84.00 and a twelve month high of $136.89. The firm’s 50 day moving average price is $110.53 and its two-hundred day moving average price is $102.61. The firm has a market cap of $2.58 billion, a P/E ratio of 13.33 and a beta of 1.97.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.41. The firm had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a net margin of 8.78% and a return on equity of 10.45%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.84 earnings per share. On average, analysts forecast that LGI Homes, Inc. will post 8.82 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush reaffirmed a “neutral” rating and issued a $125.00 price target on shares of LGI Homes in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, LGI Homes currently has a consensus rating of “Hold” and a consensus price target of $126.00.

About LGI Homes

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.